ERIE INDEMNITY CO
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 31, 2024
ERIE$272.09+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Cash Flows
STATEMENTS OF CASH FLOWS (UNAUDITED)
(in thousands)
| Nine months endedSeptember 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Management fee received | $2,162,259 | $1,799,681 |
| Administrative services reimbursements received | 557,361 | 538,943 |
| Service agreement revenue received | 19,804 | 19,367 |
| Net investment income received | 49,047 | 42,579 |
| Commissions paid to agents | (1,067,993) | (889,510) |
| Incentive compensation paid to agents | (88,299) | (112,968) |
| Salaries and wages paid | (189,088) | (178,176) |
| Pension contribution and employee benefits paid | (90,217) | (150,992) |
| General operating expenses paid | (229,675) | (226,949) |
| Administrative services expenses paid | (581,527) | (540,834) |
| Income taxes paid | (123,881) | (68,372) |
| Net cash provided by operating activities | 417,791 | 232,769 |
| Cash flows from investing activities | ||
| Purchase of investments: | ||
| Available-for-sale securities | (373,381) | (206,616) |
| Equity securities | (25,665) | (26,195) |
| Other investments | (7,000) | (7) |
| Proceeds from investments: | ||
| Available-for-sale securities sales | 156,357 | 126,361 |
| Available-for-sale securities maturities/calls | 152,174 | 55,772 |
| Equity securities | 29,953 | 14,919 |
| Other investments | 0 | 853 |
| Purchase of fixed assets | (78,202) | (72,101) |
| Loans to agents and others | (32,317) | (5,473) |
| Collections on agent loans | 7,675 | 6,757 |
| Net cash used in investing activities | (170,406) | (105,730) |
| Cash flows from financing activities | ||
| Dividends paid to shareholders | (178,132) | (166,256) |
| Net changes in cash collateral for securities lent | 7,905 | — |
| Net cash used in financing activities | (170,227) | (166,256) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 77,158 | (39,217) |
| Cash, cash equivalents and restricted cash beginning of period | 144,055 | 142,090 |
| Cash, cash equivalents and restricted cash end of period | $221,213 | $102,873 |
| Supplemental disclosure of noncash transactions | ||
| Liability incurred to purchase fixed assets | $10,792 | $— |
| Operating lease assets obtained in exchange for lease liabilities | $7,106 | $7,674 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.